First Enterprises is considering whether to purchase an asset at a cost of $10,000 or lease it. If they purchase it, the asset is expected to have a four-year life. The asset will qualify for 25% CCA. First's bank has offered to provide a $10,000 term loan at a rate of 8.5% (annually). Alternatively, a financing company has offered a tiered operating lease, with payments for the first two years of $2,700, and $4,600 for the next final two years (lease term is 4 years in total). First Enterprises' marginal tax rate is 40%. Calculate the NPV of: (i) the purchase option and (ii) the leasing option, and make a recommendation to First Enterprises